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New York · Through 2026-09-11

N.Y. Economic Development Law § 104-a: Special powers and duties of the department with respect to employee ownership assistance

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Where this section sits in the code
  1. Economic Development Law
  2. Article 4. General Powers of Department

§ 104-a. Special powers and duties of the department with respect to

employee ownership assistance. With respect to employee ownership

assistance loans provided for in subtitle six of title eight of article

eight of the public authorities law and paragraph (o) of subdivision one

of section sixteen-m of section one of chapter one hundred seventy-four

of the laws of nineteen hundred sixty-eight, constituting the New York

state urban development corporation act, the department shall have the

power and duty and in cooperation with the job development authority,

the empire state development corporation and any other applicable state

agency or office to:

1. Assist and counsel new employee-owned enterprises in their dealings

with federal, state and local governments, including but not limited to

providing ready access to information regarding government requirements

which affect employee-owned enterprises;

2. Receive complaints and suggestions concerning policies and

activities of federal, state and local governmental agencies which

affect employee-owned enterprises, and develop, in cooperation with the

agency involved, proposals for changes in policies or activities to

alleviate any unnecessary adverse effects on employee-owned enterprises;

3. Conduct investigations, research, studies and analyses of matters

affecting the interests of employee-owned enterprises;

4. Assist employee-owned enterprises in obtaining available

managerial, technical, and financial assistance;

5. Initiate and encourage educational programs relating to

employee-owned enterprises, including programs in cooperation with

various public and private educational institutions;

6. Help new employee-owned enterprises in this state by simplifying

and streamlining license and application procedures wherever possible;

7. Identify industrial and manufacturing businesses that are in danger

of being permanently closed or relocated out of state, which results in

the loss of jobs and increasing unemployment, and assist the businesses

and employees of such businesses by distributing information about the

provisions of this section.

The department may impose fees, pursuant to rules and regulations, to

defray departmental expenses incurred in providing the services set

forth in this section.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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